An interesting observation.
27-07-2023
Welspun Enterprises announced acquisition of 50.1% stake in Michigan – an EPC company for 137 Cr., valuing the entire company 274 Cr.
25-05-2023
Another listed company – Authum acquired 47% stake in MICHIGAN for 80 Cr, valuing the entire company at 171 Cr. The transaction was going to be completed in four weeks.
Authum is selling 36% out of its 47% stake for 98 Cr.
Valuation of MICHIGAN increased by 60% in two months.
Who says that bull market is only in listed space.
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